Does Digital Currency can Activate Someone's Financial Freedom? - page 2.

ethereumhunter

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Quote from: darewaller on September 20, 2019, 03:00:11 PM

How many of those people do you still think will have that their holding in their wallet, many of them must have even changed it all before bitcoin even get to reach its last all-time high, and those who have even change their money when it reached new high, I hope they are able to use the money to invest in something good outside the world of cryptocurrency because that is the only way they can fully guarantee financial freedom.

Bitcoin is good to be held as asset and when it grows and reaches all-time high, it could guarantee a future of financial freedom, but don’t forget that this use of bitcoin for investment will only be a temporary thing and never be permanent, it will stop when the volatility of bitcoin reduces and people start making payment with it only.

People who have bitcoin at least 1k bitcoin will have financial freedom because they will have huge money in their bank account. They enjoy their money and will hold the rest of bitcoin they have and will buy more bitcoin if the price is down too deep like in this year. Bitcoin can be an investment and can be a new way to make money. It depends on what people goals and I am sure we want to get the financial freedom from cryptocurrency.

Quote from: Chrystora123 on September 20, 2019, 03:59:20 PM

The people who first invested in Bitcoin (2010-2016) and Ethereum (2013-2016) then sold their coins and convert it into fiat during the 2017 Bullish market were those who enjoyed financial freedom.

I am sure that some people already did this in 2017 ago and now, they only watch the market with a smile on their face. They already buy a lot of bitcoin when it reached $3k a few months ago, and they will sell it again at the highest price.

Quote from: shoreno on September 20, 2019, 05:20:45 PM

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else , you cant be tax or there is no restriction .

there is no specific time for it and there is no specific number of cryptos but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

The financial freedom for myself is when I can do whatever I want without thinking about the money. I will no problem if I still paying tax. I will call cryptocurrency is a new way to become financial freedom. And from cryptocurrency, we can make huge money without any limits. Maybe we have a different opinion about financial freedom.

Herbet Fry

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I think if you can come up with a good idea for a project that you can make yours finically free and earn passive income. Starting up a coin or token is much cheaper then traditionaly having to go to the stock market and have actual stock. I am not even sure of the requirements to allow stocks in your company I think it needs to be a certain size. All these limitations and more are void when using crypto. There are also now many many new types of work and jobs and ways to earn that never were available before.

Oasisman

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Quote from: shoreno on September 20, 2019, 05:20:45 PM

Quote from: ethereumhunter on September 19, 2019, 03:33:19 AM

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else , you cant be tax or there is no restriction .

there is no specific time for it and there is no specific number of cryptos but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

Your idea of financial freedom is correct, but that doesnt mean the other one is wrong.
Financial freedom could also mean financially independent. Those who have enough money to spend for their living without even working for a day job or being dependent from other private companies, those are the people who they call the early adopters who sold their Bitcoin during the ATH after a couple of years of holding.

The idea of Bitcoin creation means complete financial freedom, free from any presence from the third party like banks or government, and could also make people earn enough profit if investments in crypto were properly managed.

shoreno

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Quote from: ethereumhunter on September 19, 2019, 03:33:19 AM

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else , you cant be tax or there is no restriction .

there is no specific time for it and there is no specific number of cryptos but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

Chrystora123

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Quote from: gantez on August 29, 2019, 06:33:10 AM

Op, the way you put your post is not really the fact, it is not a guarantee that digital currency would get someone into being financially independent. It is possible though but not in all cases because you can also lose everything if you invest in a shit coin.

OP only explained what he found in the field, and I think it's a reality because some people are already financially free because of cryptocurrency and digital currencies.

Quote from: ethereumhunter on September 19, 2019, 03:33:19 AM

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

The people who first invested in Bitcoin (2010-2016) and Ethereum (2013-2016) then sold their coins and convert it into fiat during the 2017 Bullish market were those who enjoyed financial freedom.

darewaller

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Quote from: ethereumhunter on September 19, 2019, 03:33:19 AM

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city. But I don't think that they will reveal to the public that they have a lot of money from cryptocurrency because that will trigger the government to search for more information about them. It is better to reach financial freedom by secretly without anyone knows so we can enjoy the wealthy, prosperity. And we can make our time worth doing other good things.

How many of those people do you still think will have that their holding in their wallet, many of them must have even changed it all before bitcoin even get to reach its last all-time high, and those who have even change their money when it reached new high, I hope they are able to use the money to invest in something good outside the world of cryptocurrency because that is the only way they can fully guarantee financial freedom.

Bitcoin is good to be held as asset and when it grows and reaches all-time high, it could guarantee a future of financial freedom, but don’t forget that this use of bitcoin for investment will only be a temporary thing and never be permanent, it will stop when the volatility of bitcoin reduces and people start making payment with it only.

ethereumhunter

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People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city. But I don't think that they will reveal to the public that they have a lot of money from cryptocurrency because that will trigger the government to search for more information about them. It is better to reach financial freedom by secretly without anyone knows so we can enjoy the wealthy, prosperity. And we can make our time worth doing other good things.

Kakmakr

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You know financial freedom is the freedom to do transactions with anyone all over the world, without any restrictions and also the freedom to send ANY amount of money to that person. Centralized financial services are also a barrier to entry for a lot of people and this is why there are millions of people without Bank accounts.

Bitcoin allows anyone with internet access and a mobile phone to store their wealth and it also allows them to buy whatever they want to buy or sell. If you want to use your bitcoins to donate money to say WikiLeaks, then Bitcoin will allow you to do just that. Angry

https://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks/#37f45a3e2cad

bhabygrim

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Quote from: lobat999 on August 29, 2019, 06:55:52 AM

Quote from: bitmover on August 29, 2019, 05:56:07 AM

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

OP's aspirations are not impossible as we've witnessed some people did in fact achieved financial freedom by doing those things. Also, financial freedom and the feeling or its achievement is not the same for everyone since its highly subjective. Some don't even have to be required to invest a huge amount of money just to attain it. Imho.

I agree we could use crypto to earn and make some more business not just in crypto but also in real life.
Of course we shouldn't just rely on crypto we should also have some back up's in real life so the title could be true,
Crypto or Digital currency can activate someone's financial freedom it just all depends on how they would handle it.

EdvinZ

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1) A decentralized cryptocurrency definitely gives you the freedom to transfer any amounts of money to anyone on the planet with minimal fees. Moreover, transactions often take place within a few seconds. 2) As for achieving financial freedom with the help of cryptocurrencies, this involves investing in digital assets, a thorough analysis of the market situation, and taking all the risks associated with this activity.

Gi01

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Financial freedom is defined as the ability for an individual to be totally in charge of their financial transactions with no limitations. Digital currency such as Bitcoin provides the avenue which can be described as financial freedom since everybody using Bitcoin can decide when to do their transactions. Transactions can be done at any moment in time and anywhere you find yourself.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: jostorres on September 11, 2019, 11:05:42 PM

Everyone do understand what centralization is, and even when you see people keying in to some of those centralized coin that is being released, they do because they wanted to explore the opportunity that is available in them , but they never take those coin as the real coin that would give them that freedom of their finances.

It is their nature to take that risk though so these coins propagate a lot. Many shitcoins are born just because they are promoted by some venture capitalists like Btrash by RVer and CraigFraudstar. Its not about them but also the exchanges like Binance which allow a centralized system to trade. Again Dex are not that secure, but they need more awareness.

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When it comes to income generation, people are ready to take any system provided it bring money, but what bitcoin uses to supersede them is that anonymity that money of these centralized system are willing to give in to, because it will never benefit them, but bitcoin can easily do that because it is not interested in the profit but what it can do for the user, and this is why decentralized coin like bitcoin will always be the lead.

Bitcoin is not completely anonymous, its pseudo-anonymous. Thats why people are paranoid about using mixers and tumblers, though I feel that as long as you are not doing anything that is illegal and thus pose risk, they are no need for any sort of mixing for your coins. Bitcoin is though the only coin they need to keep. Rest other out there are nothing but money making schemes for others, not you.

shark1006

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It seems to me you are right, but I need to clarify. If you look more deeply at this interpretation, financial freedom applies to Bitcoin owners and traders as much as possible because it is the most decentralized asset. But in general, you are absolutely right, crypto users are financially free and independent

fullhdpixel

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Quote from: jake zyrus on September 09, 2019, 07:53:08 PM

I don't see financial freedom with those things. Yes, trading, buy and hold, and mining can help you to earn but that doesn't mean your financially free. That you don't have to worry about your expenses and daily living, because in crypto, it's a lot of risk. You may gain but you're also at risk of losing.
Well it's still possible if you were born with a golden spoon.

It becomes a financial freedom tool for those that know how to unlock its secret, for me, crypto has even gone beyond just trading or buying and holding, I mean it has helped me beyond that, what cryptocurrency has done for me, is what I have been struggling with for year.

I am an importer of goods and I buy from some of these sites, there is a particular site where I wishes so much that I could be importing from because of the quality product that they have and their very cheap product, but the main barrier for me all these years has been issue of payment because western union and other means of making payment to them from my country does not cover that area,. But since the establishment of cryptocurrency, I have been able to easily communicate with the seller in terms of payment and this has increased my financial base a lot.

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Quote from: TheUltraElite on September 07, 2019, 01:46:37 AM

cryptocurrencies again dont give you a complete financial freedom. We are making crypto more centralized with governments coming up with laws against crypto and attempting to create new coins that would be centralized. Thus we are moving away from financial freedom. In true sense a financial freedom in the wrong person's hand will lead to crimes, which is why governments try to prevent it.

Everyone do understand what centralization is, and even when you see people keying in to some of those centralized coin that is being released, they do because they wanted to explore the opportunity that is available in them , but they never take those coin as the real coin that would give them that freedom of their finances.

When it comes to income generation, people are ready to take any system provided it bring money, but what bitcoin uses to supersede them is that anonymity that money of these centralized system are willing to give in to, because it will never benefit them, but bitcoin can easily do that because it is not interested in the profit but what it can do for the user, and this is why decentralized coin like bitcoin will always be the lead.

jake zyrus

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I don't see financial freedom with those things. Yes, trading, buy and hold, and mining can help you to earn but that doesn't mean your financially free. That you don't have to worry about your expenses and daily living, because in crypto, it's a lot of risk. You may gain but you're also at risk of losing.
Well it's still possible if you were born with a golden spoon.

TheUltraElite

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So anyway, I applied as a merit source :)

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It seems to me that getting financial freedom to get with digital currency is difficult but possible.

The two of them are not inclusive or exclusive. They are different things and mean different things to separate people.

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First of all, everyone has his own freedom.

Freedom in life and financial freedom are not the same thing. Most people who are using banking system are free physically by not financially free.

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Secondly, you must first invest a lot in order to increase it later. And so if you have zero now and tomorrow you want to be financially independent this does not happen.

Not exactly correct, because cryptocurrencies again dont give you a complete financial freedom. We are making crypto more centralized with governments coming up with laws against crypto and attempting to create new coins that would be centralized. Thus we are moving away from financial freedom. In true sense a financial freedom in the wrong person's hand will lead to crimes, which is why governments try to prevent it.

minersday

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Well, cryptocurrency presents the kinda financial freedom where you can easily send and receive funds from any part of the world with the lowest transaction fees seen in the financial ecosystem. Thus the kinda freedom cryptocurrency gives the people who decide to use it for their financial transactions...

trickyriky

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Quote from: gantez on August 29, 2019, 06:33:10 AM

Op, the way you put your post is not really the fact, it is not a guarantee that digital currency would get someone into being financially independent. It is possible though but not in all cases because you can also lose everything if you invest in a shit coin.

Cryptocurrencies provide the highest level of financial independence with the specification of digital financial independence. Since, for example, having a case full of dollars, you will also be financially independent, and observing some accuracy in their spending so as not to attract attention to your own person, you will be able to be financially independent for a rather long period.
So now, the most financially independent people can be considered those who have a sufficient amount of cash or crypto.

SirLancelot

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The system has been developed to bring financial freedom to anyone that understand it well and decide to apply it to that particular area where it would be useful, which makes it depend on the approach of each and every one of us to it and our belief about it. There are so many people that no matter what they do in the crypto space, they don’t get it right and reason why you see many of them criticizing the crypto space or against what you have said.

From the first point, people don’t believe holding it as an assets, but we have seen how holding it has paid for some people in the past, and mining, mining may be expensive, but those than can handle it will surely get the financial freedom while trading is still the easiest way to me because you get instant result on that one.

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